As part of Carter Ledyard’s Crypto, Digital Assets, and Blockchain Practice Group Advisory Series, this advisory summarizes the Crypto Regulation, Protection, Transparency and Oversight (CRPTO) Act proposed by the New York Attorney General, Letitia James on May 5, 2023. This ground-breaking proposed legislation 1 aims to tighten regulation of the crypto industry to protect investors, consumers, and the broader economy through increased transparency and oversight. Calling out the “rampant fraud and dysfunction” in the cryptocurrency industry, James has proposed the strongest and most comprehensive set of crypto regulations in the U.S.
The proposed legislation, adding Article 23-C (Digital Assets) to […]
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